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Fast rise of round robin lenders
http://www.theaustralian.news.com.au/story/0,25197,24041659-...
Submitted by
cij
1 month, 2 weeks, 4 days, 19 hours agoWe would counsel our readers to take note of this article. This article says, "THE Reserve Bank of Australia has a dark worry about our banks: they get 90 per cent of their cash from each other. If one bank gets into trouble, the Australian financial system could be snap-frozen overnight.
At a recent conference held by one of the world's largest banks, the Australian banking system was identified as one of the best investment opportunities, ***for going short***."
Tags: banking system, Australia
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